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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (11976)	7/18/2001 10:10:55 AM
From: TechTrader42	Read Replies (2) \| Respond to of 52237

Donald: Do you think you'll be seeing some buy signals in the Naz and S&P before the week is out? My complacency indexes are in oversold territory (but with no buy signals so far). I wouldn't be surprised to see a bounce back up soon. I can't help wondering what those who've been predicting a summer rally for weeks and weeks do during these downdrafts. They're congratulated on their foresight whenever there's a brief upturn, but what are they doing during all the down weeks? Are they buying and holding, without stops? All very perplexing. They remind me of people carrying signs saying, "THE END OF THE WORLD IS NEAR!" The rally is imminent! But in the meantime .... Faith in a summer rally really is a religion, I think. Maybe believers should have tax-exempt status. That would help with the losses, I suppose.

To: donald sew who wrote (11976)	7/18/2001 10:18:56 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 52237

Oh oh, when everyone sees the same thing- doesn't that automatically rule it out. <gg> While playing some computer BlackJack last night, It occured to me once again how similar trading/investing is to plain old gambling. Here's some of the many ways they are alike- - There is a basic 'Strategy' that one must follow in order to have any chance at all of winning. - The odds still favor the house, even with a perfect strategy, but there are ways of stacking things in your favor by skirting the rules, and also varying the size of your bets when odds change. - The longer the winning streak, the more likely one is to increase his bets, and it is generally a bad time to be doing so, since trends reverse when they get to extremes. - There are long periods with either small gains or losses. - The longer the losing streak, the more despondent one becomes. Most players continue to make the same size or increasingly larger bets in hopes of the trend reversing. If they are wrong, they go bust. - The only time I walk away with profits is when I quit while I'm still ahead. Cards anyone?? <g>